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Articles for tag: bear, burden, consumers, Economic, intensifying, Power, pressure, sector, trillion

January 14, 2026

News Desk

Consumers to bear burden of Rs 2.95 trillion amid intensifying economic pressure on power sector

A representational image of a transmission tower. — AFP/File Nepra predicts that consumers will pay Rs 1.92 billion in capacity payments. Rs 1,023 billion to be paid under the Power Purchase Price (EPP) next year. Consumers to bear distribution margin of Rs 4.09 per unit: Nepra Electricity consumers are expected to shoulder a burden of Rs 2.95 trillion in capacity payments and power purchase costs in calendar year 2026, highlighting the intensifying economic pressure on the country’s power sector on end users, The News reported on Tuesday. The National Electricity Regulatory Authority (Nepra) has arrived at the decision on a

November 27, 2025

News Desk

The government will shift the burden of LNG cargoes to RLNG consumers

File photo of a ship carrying liquefied natural gas (LNG). — Reuters/File Power plants, exporters, new RLNG users face higher tariffs. Ogra’s Rs 48 billion forecast has been questioned amid a potential loss. The government reports potential foreign exchange savings of $339.6 million. ISLAMABAD: In a major policy shift, the government has decided that it will no longer absorb potential losses arising from the diversion of Liquefied Natural Gas (LNG) cargoes under the Net Product Difference (NPD) clause and instead pass on the cost to consumers of regasified liquefied natural gas (RLNG). The News was mentioned. A senior Petroleum Department

June 14, 2025

News Desk

The proposed retirement burden on Bill funding causes alarm among pensioners

A man counts Pakistani rupees at a currency exchange store in Peshawar, September 12th 2023. – Reuters Higher tax burden probably in people with lower annual income. Movement needs a thorough review of the proposed changes in the law. FBR was obliged to treat the pension as a separate block. ISLAMABAD: A controversial proposal under the 2025-26 funding bill on tax income exceeding 10 million Rs per year at a 5% interest rate has raised widespread concern and criticism between pensioners and tax experts. Critics argue that the proposed changes, if approved by parliament, could inadvertently lead to a higher

June 13, 2025

News Desk

Judge Harvey Weinstein declares Mistrial on rape burden

The judge who oversees Harvey Weinstein’s criminal case in Manhattan has declared a malice for a rape category on Thursday. The decision came the day after the conviction of the former Mogul of Hollywood’s film for a category of sexual abuse. Justice Curtis Farber ended the trial after refusing to continue the discussions, after multiple days of disagreement between the jurors that have occasionally appeared in the courtroom. Prosecutors are planning to try Weinstein for the third time for the third degree rape category, for the alleged abuse of the aspiring actress Jessica Mann in 2013. Farber said the case

February 23, 2025

News Desk

Finmin implies a decrease in financial wage burden on the upcoming budget

The newly appointed Finance Minister Muhammad Aurangzeb, posts an oath in Islamabad, March 11, 2024 – Treasury Finmin highlights positive economic indicators. Expresses the commitment to support the construction industry. Swear to secure gambling activities in real estate. Finance Minister Muhammad Aurangzeb has announced plans to reduce the financial burden on the order of employees in the upcoming budget on Sunday. His observations came days after thousands of government officials who organized a protest demonstration in Islamabad, demanding withdrawal of pension reforms and increasing pay and benefits. During his interaction with journalists in Lahore, the finance minister underlined positive economic

January 20, 2025

News Desk

Star players will have no financial burden

KARACHI: The inclusion of key foreign stars in the HBL PSL will not cost the franchise owners financially. The PCB will pay $100,000 per player from the allocated funds. Ahead of the draft, cricket shared a list of foreign stars with franchises, with special notes listed for certain players. David Warner’s minimum fee was set at $300,000 and Karachi Kings picked him up, making him the most expensive cricketer in HBL PSL history. However, the franchise will not have to pay the full $300,000. A few years ago, the HBL PSL board decided that when the net income from the

June 27, 2024

News Desk

The government is introducing pension reforms aimed at reducing the financial burden

A man counts Pakistani rupee notes at a foreign exchange shop in Peshawar, September 12, 2023. — Reuters Family of a deceased pensioner is entitled to receive pensions for 10 years. Employees, in case of accidental retirement, to receive pensions until the age of 60. Workers who leave voluntarily face annual pension cuts of 3-20%. ISLAMABAD: After announcing a 15% increase in post-retirement funds for employees in the 25th budget, the federal government has unveiled its pension reforms aimed at starting a gradual reduction in pension liabilities. The new amendments were introduced by the federal government to address the growing

March 2, 2024

News Desk

The IMF wants to increase the tax burden on the unemployed, employed

The IMF estimates that if the recommendations are fully implemented, it could generate additional revenue of 0.5% of GDP per year The logo of the International Monetary Fund is seen during the IMF/World Bank spring meetings in Washington, U.S., April 21, 2017. — Reuters The IMF suggests cutting into slabs from seven to four. It estimates it could bring in 0.5% of GDP. FBR could increase its revenue, sources say. ISLAMABAD: The International Monetary Fund (IMF) has proposed to the Federal Board of Revenue (FBR) to double the tax burden on salaried and non-salaried classes, which will affect the middle

February 13, 2024

News Desk

High taxes burden the tobacco industry

LAHORE: The legal tobacco industry in Pakistan is facing a serious crisis, with heavy taxes on tobacco products leading to a significant decline in production and significant tax losses. According to the Pakistan Bureau of Statistics, the production of legal cigarettes has plummeted by 40% in just five months due to the widening price gap between legal and illegal cigarettes, mainly attributed to increased excise duty. Between July and November of the current financial year, the legal cigarette industry saw an impressive 39.31% decline in production, a figure four times higher than the average decline in other large-scale manufacturing industries.

February 4, 2024

News Desk

Burden of industrial subsidies could be reduced by 91%

Islamabad: The International Monetary Fund has agreed to review a proposal backed by the Special Investment Facilitation Board to cut the industrial sector subsidy by 91%. This initiative aims to make Pakistani exporters more competitive regionally, potentially reducing their monthly bills by up to 29%. Pakistani and IMF officials are scheduled to hold virtual talks early next week. The IMF’s approval could lead to a reduction in electricity bills for large industrialists and small manufacturers by 16% to 29%, according to government sources. The IMF will also assess the practicality of the government’s plan to write off Pakistan International Airlines’

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